BUZZ-Australia's Viva Energy set for highest weekly loss since early April on sales fall
Reuters
Aug 01
BUZZ-Australia's <a href="https://laohu8.com/S/VEA.AU">Viva Energy</a> set for highest weekly loss since early April on sales fall
** Shares of Viva Energy VEA.AX set to lose 5.6% this week, the most since April 7
** On the day, stock up 0.2% at A$2.105
** Fuel retailer posts decline in first-half convenience sales with tobacco sales falling 27%
** Co attributes it to new tobacco packaging laws and continued growth in black market trade
** Sees HY unaudited group EBITDA on replacement cost $(RC)$ basis to be around A$300 mln ($192.99 mln) vs total EBITDA (RC) of A$451.7 mln last year
** Stock down 19.8% YTD
($1 = 1.5545 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.kumar@thomsonreuters.com;))
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